Fundalysisby DARKHORSESTOCKS

Scheme

Union Consumption Fund

Holds 44 companies worth ₹330 Cr in Aug 2026.

  • Fund house

    UnionThe fund house that runs this scheme.

  • AUM

    ₹314 CrUnion Consumption Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.5% on Aug 2026, ₹336 Cr.

  • Largest holding

    Eternal LimitedEternal Limited is 6.9% of this scheme's NAV.

  • Fund manager

    Sanjay BembalkarRuns its co-manager part since 22 Dec 2025, as the fund house dates it. With Vinod Malviya (co-manager).

Overview(6 Oct 2026)

Fund managers2

  1. Sanjay BembalkarCo-manager · Dec 2025 · 18y · CA CFA B.Com
  2. Vinod MalviyaCo-manager · Dec 2025 · 17y

    Key facts

    Benchmark
    Nifty India Consumption @@@(TRI)
    Risk
    Very High
    Expense
    Regular 2.74% · Direct 1.37%
    Exit load
    1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.
    Started
    22 Dec 2025
    Minimum
    ₹1,000

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(29 changes)

    Oct 2026

    1 change
    1. Expense ratio
      5 OctRegular 2.78% → 2.74%Direct 1.41% → 1.37%

    Sept 2026

    2 changes

    Aug 2026

    1 change
    1. Expense ratio
      2 AugRegular 2.83% → 2.79%Direct 1.53% → 1.49%

    Source.Its filings at NSE, since Dec 2025.

    Fund managers over time(Dec 2025 – now)

    1. Sanjay Bembalkar
    2. Vinod Malviya
    MainCoSlice2026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Dec 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    22 changesRegularDirectΔ pt
    5 Oct 20262.74%1.37%0.04
    15 Sept 20262.78%1.41%0.04
    6 Sept 20262.75%1.45%0.04
    2 Aug 20262.79%1.49%0.04
    6 Jul 20262.83%1.53%0.08
    18 Jun 20262.91%1.61%0.47
    8 Jun 20262.44%1.14%1.18
    1 Jun 20263.61%2.32%1.18
    24 May 20262.41%1.14%0.56
    18 May 20262.96%1.70%0.85
    12 May 20263.81%2.55%0.63
    11 May 20263.18%1.92%0.38
    5 May 20262.80%1.54%0.21
    28 Apr 20263.02%1.75%0.61
    26 Apr 20262.41%1.14%1.32
    22 Apr 20263.73%2.46%0.10
    16 Apr 20263.62%2.36%0.52
    9 Apr 20263.11%1.84%0.47
    7 Apr 20262.63%1.37%0.42
    16 Mar 20262.43%0.95%0.02
    26 Feb 20262.41%0.93%0.29
    30 Dec 20252.46%1.22%–
    Direct plan, 5 Oct 2026
    1.37%
    Regular plan 2.74% · Exit load 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after completion of 1 year from the date of allotment of units.
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(6 Oct 2026)

    Objective

    The investment objective of the scheme is to generate long-term capital appreciation by investing in companies those are engaged in consumption and consumption related sector or allied sectors. These companies are expected to directly or indirectly benefit from changing consumer aspirations, changing lifestyle and overall growth in consumption led demand.However, there is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme investing in consumption theme
    Benchmark
    Nifty India Consumption @@@(TRI)

    Asset allocation it may hold% of NAV

    1. Equity and equity-related instruments of entity(ies) engaged in Consumption and consumption related sector and allied sectors
      Allowed80–100%
    2. Equity and Equity related instruments of entity(ies) other than those engaged in consumption and consumption related sector or allied sectors
      Allowed0–20%
    3. Money Market Instruments, Other Liquid Instruments and other assets as permitted by SEBI
      Allowed0–20%Holds1.9%
    4. Units issued by InvITs
      Allowed0–10%Holds0.0%

    Holds in Aug 2026.98.1% equity · 1.9% debt and cash

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹1,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    No Limit
    Systematic
    SIP - Daily, Weekly, Fortnightly and Monthly, SWP - Daily/Monthly/Quarterly/Half Yearly/Yearly, STP - Daily/Weekly/Fortnightly/Monthly/Quarterly/Half Yearly
    Dates
    SIP - Daily (only business days) for Daily frequency, any date of the month for weekly, fortnightly and monthly frequency, STP - Daily (only business days) for Daily frequency, Monday to Friday for weekly frequency, Every Alternate Wednesday for fortnightly frequency and Any date of the month for monthly, quarterly and half yearly frequency, SWP - Daily (Only Business days) for Daily Frequency and any date of the month for monthly, quarterly, half yearly and yearly frequency
    Minimum
    SIP - Rs. 100 for daily SIP, Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, SWP - Rs. 500, STP - Rs. 100, then sIP - Rs. 1 thereof for all frequencies, STP - Rs. 1 thereof for all frequencies, SWP - Rs. 1 thereof for all frequencies
    Instalments
    SIP - 6 instalments for all frequencies, STP - 6 instalments for all frequencies/ SWP - 6 instalments for all frequencies
    Most
    SIP - Not applicable, STP - Not applicabl, SWP - Not applicable

    Selling and switching

    To redeem
    ₹1,000 or Units Equivalent to Rs. 1,000 units
    Switch minimum
    ₹1,000 or Units Equivalent to Rs. 1,000 units
    Switch multiples
    Switch in: in multiples of Rs. 1 Switch out: in multiples of Rs. 1 or Switch in: Units equivalent to Rs. 1 Switch out: Units equivalent to Rs. 1 units
    Switch most
    No Limit or No Limit units

    Scheme details(6 Oct 2026)

    What it is

    Category
    Equity Scheme – Thematic Fund
    Offer
    1 Dec 2025 to 15 Dec 2025
    Started
    22 Dec 2025
    Reopened
    26 Dec 2025
    Plans
    Direct Plan - Growth Option · Direct plan - Reinvestment of Income Distribution cum Capital Withdrawal Option · Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option · Direct Plan - Transfer of Income Distribution cum Capital Withdrawal Option · Regular Plan - Growth Option · Regular Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option · Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option · Regular Plan - Transfer of Income Distribution cum Capital Withdrawal Option
    Face value
    ₹10
    Listed
    As the units of the Scheme will be offered for subscription and redemption at NAV based prices on all Business Days on an on-going basis providing the required liquidity to investors, units of the Scheme are not proposed to be listed on any stock exchange.However, the Trustee reserves the right to list the units of the Scheme on any stock exchange(s) at its sole discretion at a later date

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    SBI-SG Global Securities Services Private Limited.
    Auditor
    M/s S.R Batliboi & Co. LLP
    Registrar
    Computer Age Management Services Limited (CAMS)
    SEBI code
    UNIN/O/E/THE/25/10/0034